Question

11. Journalise the following transactions in the books of Bajaj :
2015
Mar. 1 Commenced business with cash 1,00,000.
Mar. 4 Purchased goods for cash 85,000.
Mar. 7 Sold good for cash 12,000.
Mar. 12 Sold good on credit to Ambani 16,000.
Mar. 16 Sold goods to Singhania 13,500.
Mar. 20 Sold goods 9,000.
Mar. 22 Sold goods on credit 14,400.
Mar. 24 Cash sales 7,700.​

Answer 1

Answer:

Journal Entry

Explanation:

March 1

Cash A/c                     Dr.     1,00,000

        To Capital A/c                                 1,00,000

( being started business with cash)

March 4

Purchase A/c             Dr.         85,000

        To cash A/c                                     85,000

( being goods purchased for cash)

March 7

Cash A/c                     Dr.         12,000

         To Sales                                        12,000

( being goods sold for cash)

March 12

Ambani                        Dr.          16,000

            To Sales A/c                                16,000

( being goods sold to Ambani)

March 16

SInghania                        Dr.          13,500

            To Sales A/c                                13,500

( being goods sold to Singhania)

March 20

Cash A/c                     Dr.         9,000

         To Sales                                        9,000

( being goods sold for cash)

March 22

Debtors A/c                       Dr.          14,400

            To Sales A/c                                14,400

( being goods sold on credit)

March 24

Cash A/c                     Dr.         7,700

         To Sales                                        7,700

( being goods sold for cash)

I hope you will find this helpful!!

Good Luck dear